Following Lime’s Q4 report, we expect continued strong growth in Other Nordics, but somewhat slower growth for Sweden. We expect group organic sales growth of 15-16% for 2020-21.

We expect an EBITA margin of 23.3% in 2020 (vs 23% in 2019), held back somewhat by the investments in geographic expansion during the year.

have made EPS revisions of 0 to -2% in 2020/21 and derive a fair price/share of SEK 141-190.
Norway and Finland businesses continuing to outperform